Ray reports, “Piper Jaffray’s Gene Munster argues there are no cuts, and that a shift by Apple to other manufacturers could have something to do with the rumors… ‘Apple is currently transitioning to Brazilian iPad manufacturing, which may be impacting Asian manufacturing numbers.’”
“News reports in the last week or so said that Apple would shift some production to Brazil, as related by PC Magazine’s Leslie Horn two weeks back,” Ray reports. “And Susquehanna’s semiconductor analyst Chris Caso writes that it’s not true, and that the Apple supply chain remains ‘robust’ compared to order cuts elsewhere in tech… Caso’s colleague who formally covers Apple, Jeffrey Fidacaro, concurs with Caso’s assessment: no cut to orders.”
Read more in the full article here.
MacDailyNews Take: So much for today’s gift horse.
Foxconn begins Apple iPad assembly in Brazil – September 14, 2011
Brazil’s president slashes taxes to lure iPad production jobs – May 18, 2011
Foxconn to assemble Apple iPhones and iPads in Brazil; Mac production a future possibility – May 3, 2011